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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 33.57M | 4.74M | 7.09 |
| Aug 31, 2026 | 32.11M | 5.66M | 5.67 |
| Aug 14, 2026 | 29.2M | 8.38M | 3.48 |
| Jul 31, 2026 | 28.31M | 6.63M | 4.27 |
| Jul 15, 2026 | 28.4M | 4.06M | 6.99 |
| Jun 30, 2026 | 26.81M | 5.02M | 5.34 |
| Jun 15, 2026 | 28.86M | 6.16M | 4.68 |
| May 29, 2026 | 28.09M | 7.03M | 4.00 |
| May 15, 2026 | 27.46M | 7.34M | 3.74 |
| Apr 30, 2026 | 26.83M | 5.97M | 4.49 |
| Apr 15, 2026 | 27.06M | 4.76M | 5.69 |
| Mar 31, 2026 | 25.72M | 6.01M | 4.28 |
The share of each day’s reported trading that was a short sale. This is not short interest: most of it is market makers selling short to fill buy orders and buying back within the day, so a ratio of 30–50% is ordinary for a heavily traded stock and says little about how many shares are held short overnight.
Figures describe MP Materials shares, not any token. As of Sep 15, 2026, from exchange short-interest reports and FINRA short-sale volume, via Massive. Short sellers borrow and sell the shares themselves; token holders are not lending theirs.